Leaders of France, Germany and Greece agreed Wednesday that Greece will remain in the euro zone despite a spiraling debt crisis that is roiling the Greek economy and undermining confidence in the single currency bloc, Reuters reported. Greek Prime Minister George Papandreou, German Chancellor Angela Merkel and French President Nicolas Sarkozy, conferring by conference call on Wednesday evening, said they stood behind decisions reached in July by European leaders that are meant to save Greece from a disorderly default, Reuters reported citing a Greek government spokesman. During the call, Papandreou told the leaders that the country was determined to meet all its obligations and that recent austerity measures will help Greece meets its 2011-2012 fiscal targets.
FOR MORE: France, Germany, Greece see Greece staying in euro - MarketWatch
No comments:
Post a Comment